Submarket Spotlight | Q4 2023 | El Paso

December 8, 2023

Submarket Report

El Paso


El Paso, the sixth-largest city in Texas and the 22nd-largest in the United States has seen remarkable population growth outpacing the nation’s average over the past 5 years. The MSA is known for its youthful and family-oriented character, boasting a median age of 34, with nearly 40% of its residents under 25. The city’s strategic location on the US-Mexico border, combined with its lower cost of living compared to many other major national cities and Texas, makes it an attractive destination for both individuals and businesses. This, in turn, has a positive impact on the demand for multi-family housing.